Gandhi Special Tubes Limited (GANDHITUBE) - Net Assets

Latest as of March 2026: Rs3.16 Billion INR ≈ $34.17 Million USD

Based on the latest financial reports, Gandhi Special Tubes Limited (GANDHITUBE) has net assets worth Rs3.16 Billion INR (≈ $34.17 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.40 Billion ≈ $36.78 Million USD) and total liabilities (Rs241.06 Million ≈ $2.61 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Gandhi Special Tubes Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs3.16 Billion
% of Total Assets	92.91%
Annual Growth Rate	9.76%
5-Year Change	114.69%
10-Year Change	76.32%
Growth Volatility	12.93

Gandhi Special Tubes Limited - Net Assets Trend (2006–2026)

This chart illustrates how Gandhi Special Tubes Limited's net assets have evolved over time, based on quarterly financial data. See GANDHITUBE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Gandhi Special Tubes Limited (2006–2026)

The table below shows the annual net assets of Gandhi Special Tubes Limited from 2006 to 2026. For live valuation and market cap data, see GANDHITUBE market cap overview.

Year	Net Assets	Change
2026-03-31	Rs3.16 Billion ≈ $34.17 Million	+18.90%
2025-03-31	Rs2.66 Billion ≈ $28.74 Million	+19.28%
2024-03-31	Rs2.23 Billion ≈ $24.09 Million	+22.34%
2023-03-31	Rs1.82 Billion ≈ $19.69 Million	+23.74%
2022-03-31	Rs1.47 Billion ≈ $15.92 Million	-14.41%
2021-03-31	Rs1.72 Billion ≈ $18.60 Million	+17.31%
2020-03-31	Rs1.47 Billion ≈ $15.85 Million	-27.10%
2019-03-31	Rs2.01 Billion ≈ $21.74 Million	+13.44%
2018-03-31	Rs1.77 Billion ≈ $19.17 Million	-1.09%
2017-03-31	Rs1.79 Billion ≈ $19.38 Million	+8.36%
2016-03-31	Rs1.65 Billion ≈ $17.88 Million	+3.30%
2015-03-31	Rs1.60 Billion ≈ $17.31 Million	+1.57%
2014-03-31	Rs1.58 Billion ≈ $17.04 Million	+4.64%
2013-03-31	Rs1.51 Billion ≈ $16.29 Million	+8.51%
2012-03-31	Rs1.39 Billion ≈ $15.01 Million	+16.41%
2011-03-31	Rs1.19 Billion ≈ $12.89 Million	+17.46%
2010-03-31	Rs1.02 Billion ≈ $10.98 Million	+19.74%
2009-03-31	Rs847.80 Million ≈ $9.17 Million	+15.90%
2008-03-31	Rs731.51 Million ≈ $7.91 Million	+24.82%
2007-03-31	Rs586.06 Million ≈ $6.34 Million	+19.39%
2006-03-31	Rs490.87 Million ≈ $5.31 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gandhi Special Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs60.76 Million	1.92%
Other Components	Rs3.10 Billion	98.08%
Total Equity	Rs3.16 Billion	100.00%

Gandhi Special Tubes Limited Competitors by Market Cap

The table below lists competitors of Gandhi Special Tubes Limited ranked by their market capitalization.

Company	Market Cap
T.K.S. Technologies Public Company Limited BK:TKS	$111.92 Million
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft HM:NEP	$111.94 Million
Global Fashion Group S.A F:GFG	$112.13 Million
MPH Health Care AG F:93M1	$112.17 Million
Klingon Aerospace Inc TW:1529	$111.90 Million
Riverview Bancorp Inc NASDAQ:RVSB	$111.87 Million
Gyldendal ASA OL:GYL	$111.68 Million
Crosswood PA:CROS	$111.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gandhi Special Tubes Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 2,657,363,000 to 3,159,477,000, a change of 502,114,000 (18.9%).
Net income of 683,643,000 contributed positively to equity growth.
Dividend payments of 182,280,000 reduced retained earnings.
Other comprehensive income decreased equity by 34,271,000.
Other factors increased equity by 35,022,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs683.64 Million	+21.64%
Dividends Paid	Rs182.28 Million	-5.77%
Other Comprehensive Income	Rs-34.27 Million	-1.08%
Other Changes	Rs35.02 Million	+1.11%
Total Change	Rs-	18.90%

Book Value vs Market Value Analysis

This analysis compares Gandhi Special Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.28x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 25.50x to 3.28x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs33.39	Rs851.60	x
2007-03-31	Rs39.87	Rs851.60	x
2008-03-31	Rs49.77	Rs851.60	x
2009-03-31	Rs57.68	Rs851.60	x
2010-03-31	Rs69.06	Rs851.60	x
2011-03-31	Rs81.12	Rs851.60	x
2012-03-31	Rs94.43	Rs851.60	x
2013-03-31	Rs102.47	Rs851.60	x
2014-03-31	Rs107.23	Rs851.60	x
2015-03-31	Rs108.91	Rs851.60	x
2016-03-31	Rs112.51	Rs851.60	x
2017-03-31	Rs121.91	Rs851.60	x
2018-03-31	Rs120.66	Rs851.60	x
2019-03-31	Rs145.49	Rs851.60	x
2020-03-31	Rs109.26	Rs851.60	x
2021-03-31	Rs133.10	Rs851.60	x
2022-03-31	Rs117.00	Rs851.60	x
2023-03-31	Rs149.85	Rs851.60	x
2024-03-31	Rs183.33	Rs851.60	x
2025-03-31	Rs218.75	Rs851.60	x
2026-03-31	Rs260.02	Rs851.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gandhi Special Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 21.64%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 35.65%
• Asset Turnover: 0.56x
• Equity Multiplier: 1.08x
Recent ROE (21.64%) is above the historical average (20.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	32.88%	29.06%	0.95x	1.19x	Rs112.32 Million
2007	21.96%	9.91%	1.92x	1.15x	Rs70.11 Million
2008	25.76%	11.45%	1.97x	1.14x	Rs115.29 Million
2009	18.79%	13.39%	1.24x	1.13x	Rs74.50 Million
2010	24.96%	16.11%	1.40x	1.10x	Rs151.82 Million
2011	22.05%	13.88%	1.45x	1.09x	Rs143.68 Million
2012	21.48%	27.99%	0.71x	1.09x	Rs159.37 Million
2013	14.65%	24.24%	0.55x	1.09x	Rs70.01 Million
2014	10.98%	21.94%	0.46x	1.09x	Rs15.48 Million
2015	9.87%	18.20%	0.50x	1.09x	Rs-2.12 Million
2016	11.22%	21.27%	0.48x	1.09x	Rs20.13 Million
2017	16.60%	31.84%	0.48x	1.09x	Rs118.22 Million
2018	18.94%	30.46%	0.56x	1.11x	Rs158.42 Million
2019	19.21%	32.66%	0.54x	1.10x	Rs185.26 Million
2020	14.58%	27.52%	0.48x	1.10x	Rs67.16 Million
2021	21.03%	31.85%	0.59x	1.12x	Rs189.58 Million
2022	26.21%	28.15%	0.82x	1.13x	Rs238.49 Million
2023	25.99%	28.27%	0.83x	1.11x	Rs291.27 Million
2024	24.95%	32.52%	0.70x	1.09x	Rs333.01 Million
2025	22.08%	34.01%	0.60x	1.08x	Rs321.00 Million
2026	21.64%	35.65%	0.56x	1.08x	Rs367.70 Million

Industry Comparison

This section compares Gandhi Special Tubes Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $3,168,632,966
Average return on equity (ROE) among peers: 19.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gandhi Special Tubes Limited (GANDHITUBE)	Rs3.16 Billion	32.88%	0.08x	$111.92 Million
Aeroflex Industries Limited (AEROFLEX)	$587.17 Million	10.24%	1.75x	$731.15 Million
Alicon Castalloy Limited (ALICON)	$5.93 Billion	7.76%	1.18x	$115.82 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$507.42K	68.66%	1.45x	$588.07 Million
DCM Limited (DCM)	$149.55 Million	15.60%	6.62x	$19.52 Million
DEE Development Eng Ltd (DEEDEV)	$4.54 Billion	0.00%	0.84x	$553.37 Million
D P Wires Limited (DPWIRES)	$986.14 Million	16.92%	0.27x	$29.91 Million
Ganga Forging Limited (GANGAFORGE)	$121.05 Million	0.89%	1.58x	$3.70 Million
Gravita India Limited (GRAVITA)	$72.44 Million	37.04%	1.78x	$1.31 Billion
Happy Forgings Limited (HAPPYFORGE)	$16.12 Billion	15.07%	0.17x	$1.46 Billion

About Gandhi Special Tubes Limited

NSE:GANDHITUBE India Metal Fabrication

Market Cap

$111.92 Million

Rs10.35 Billion INR

Market Cap Rank

#18861 Global

#1007 in India

Share Price

Rs851.60

Change (1 day)

-0.38%

52-Week Range

Rs692.35 - Rs1003.80

All Time High

Rs1003.80